The current economic situation impacts youth as well as families. Family wage earners
may experience a job loss or reduction in number of hours, resulting in tighter family
spending plans. Recent home foreclosures may result in youth fearing the need to switch
school districts (Gasca, 2009, Santa Clarita Valley The Signal). The economic downturn has
influenced the behavior and spending habits of teens (Junior Achievement, 2009). Young
people pursuing a post secondary education may delay entering a four year university and
start at a community college instead. College bound individuals will face an increased fierce competition for college financial aid dollars (Hartman, 2009, cbs2chicago.com). What skills do our young people need to manage or survive the current economic situation? Learning how to get back to the basics, identify wants and needs, and learning basic money management skills will help prepare youth to cope in these difficult times. This poster will summarize
a literature review that examines the impact of the current economic crisis on youth
and identify teaching strategies and resources.